Ares Management Acquires Industrial Asset From Financial Management Group For $14.07M In Chantilly VA
SOLD
$14,072,358
Virginia
See Similar DealsIndustrial63,389 SF
Sold
SOLD
Ares Management Acquires Industrial Asset From Financial Management Group For $14.07M In Chantilly VA
14900 Stonecroft Center Court
See Similar DealsIndustrial63,389 SF
Sold
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$222
Total Square Footage:63389 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 14900 Stonecroft Center Court, Chantilly, VA. The sale price for this property was $14,072,358, encompassing a total area of 63,389 square feet, resulting in a price per square foot of $222.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,072,358
- Address: 14900 Stonecroft Center Court
- Market: Chantilly, VA
- Buyer: Ares Management
- Seller: Financial Management Group
- Broker Representatives: Jack Levy & Bunny Escava - KSR
- Square Footage: 63,389
- Price Per Square Foot: $222
Key individuals in this transaction include Jack Levy and Bunny Escava, who represented the parties involved through KSR. This transaction reflects the collaboration among experienced professionals in the commercial real estate sector, assuring effective facilitation of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$750,525.78
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,996.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,710.16
Annual Debt Service$800,521.88
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